Truist Financial Reiterates Buy on Wells Fargo & Company (WFC)

Wells Fargo & Company (NYSE:WFC) is one of the Most Profitable Stocks to Buy Now. On November 12, John McDonald CFA from Truist Financial reiterated a Buy rating on Wells Fargo & Company (NYSE:WFC) without disclosing any price target. Earlier on November 3, Jason Goldberg from Barclays had also reiterated a Buy rating on the stock with a price target of $94.

​The reiterated bullish sentiment on the stock follows the company’s release of fiscal Q3 2025 results, announced on October 14. The company reported 5.25% year-over-year revenue growth to $21.44 billion, surpassing estimates by 272.33 million. Moreover, the EPS of $1.73 also topped estimates by $0.19. Management attributed revenue growth to higher net interest income, along with strong growth in fee-based income from consumer and commercial businesses.

​In addition, on November 6, Wells Fargo & Company (NYSE:WFC) also presented at the BancAnalysts Association of Boston Conference, where CFO Mike Santomassimo outlined strategic initiatives. He noted that the bank aims for best-in-class returns across all business segments. Moreover, the bank also aims for a CET1 ratio of 10%-10.5%, which stood at 11% during Q3 2025. Santomassimo highlighted that the bank has achieved $15 billion in gross savings over the past 5 years, which has helped the company increase its spending for the betterment of the company.

​Wells Fargo & Company (NYSE:WFC) is a large financial services company offering banking, mortgage, and investment products.

While we acknowledge the potential of WFC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WFC and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.